Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Could Ethereum’s ‘Multi-Year High’ Allow ETH to Rise Above $4,000 After Price Crash?
ALTCOIN NEWS

Could Ethereum’s ‘Multi-Year High’ Allow ETH to Rise Above $4,000 After Price Crash?

By Crypto FlexsApril 2, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Could Ethereum’s ‘Multi-Year High’ Allow ETH to Rise Above ,000 After Price Crash?
Share
Facebook Twitter LinkedIn Pinterest Email
  • ETH futures open interest has reached an all-time high.
  • Funding rates across exchanges remained positive.

Ethereum (ETH) futures open interest has hit a record high as uncertainty deepens about the possibility of approving a spot Ether exchange-traded fund (ETF) in the United States.

Futures open interest refers to the total number of futures contracts for a coin that have not yet been settled or closed. A rise indicates an increase in the number of market participants entering new positions.

According to analysis by AMBCrypto: ‘Coin Glass’ According to the data, ETH futures open interest totaled $14.53 billion on April 1, up 86% year-over-year.

For context, ETH’s futures open interest was less than $10 billion at the start of the year.

ETH Futures Open Interest

Source: Coinglass

March was a good month for the Ethereum futures market.

According to on-chain data, the futures market for ETH recorded significant success in March.

According to AMBCrypto’s analysis of The Block’s data dashboard, ETH Futures’ monthly trading volume on the largest cryptocurrency exchanges has been consistent for three years over a 31-day period.

A closer look at The Block shows that ETH futures trading volume across these platforms exceeds $1 trillion. The last time the coin had high monthly trading volume was in May 2021.

ETH Futures Monthly VolumeETH Futures Monthly Volume

Source: The Block

Following a similar trend, monthly coin futures trading volume on the Chicago Mercantile Exchange (CME) market also increased to a three-year high.

With over 120,000 active users across 60 countries, CME is one of the world’s largest derivatives markets.

This increase in exchange trading volume is a sign that market participation by institutional investors such as hedge funds and large asset management companies is rapidly increasing.

AMBCrypto found that total monthly trading volume for CME Ethereum futures over a 31-day period totaled $30 billion. The last time this high was reached was in November 2021.

CME Monthly VolumeCME Monthly Volume

Source: The Block

Market unwavering despite recent headwinds

The price of ETH has experienced significant headwinds over the past month, with continued resistance near $3,500 at press time.

In fact, on March 20, the coin’s value plummeted to a 30-day low of $3,100 before regaining a trading profit of $3,354 at press time.

Nonetheless, the coin’s funding rate across cryptocurrency exchanges remained positive as of press time.


Is your portfolio green? Check out our ETH Profit Calculator


A positive funding ratio is a good sign as it suggests a surge in market demand for bullish leveraged positions. This means that more market participants are entering trading positions to push the price higher.

At press time, ETH’s funding rate was 0.019%.

Next: Dogecoin: Are Traders Waiting for Elon Musk to Rescue Memecoin?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025
Add A Comment

Comments are closed.

Recent Posts

ETFs and liquidity drive outlook for 2026

October 19, 2025

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025

Fusaka Update – Information for Blob Users

October 18, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 18, 2025

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

The Great Inheritance and Crypto: What you need to know.

October 17, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 17, 2025

AI and Bitcoin mining stocks soar after OpenAI closes multibillion-dollar chip deal with AMD

October 17, 2025

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ETFs and liquidity drive outlook for 2026

October 19, 2025

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025
Most Popular

Mutuum Finance (Mutm) Cardano (ADA) investors gain traction of the next pre -sales stage.

March 9, 2025

Institutional inflows into XRP surge 244% amid ETF speculation

January 17, 2024

Archetype leads $3 million seed round for on-chain points startup Stack.

March 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.